Wind solar storage tender price in Norway 2026

The Ministry’s proposed reservation price for the auction is NOK 0.66/kWh. The reservation price implies that no bids over this price will be accepted. The tender is prepared so that the participants’ bids will be binding.
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6 FAQs about [Wind solar storage tender price in Norway 2026]

Is Norway launching a floating wind tender?

Norway has launched the first part of its long-awaited inaugural floating wind tender, it said on Monday, offering subsidies to the winners despite the challenges faced by the global offshore wind industry.

Should Norway tender acreage for floating wind farms?

The latter approved Norway's proposal to tender acreage suitable for floating wind farms at Utsira Nord in April. Floating wind turbines are deemed particularly suitable for greater water depths where fixing the foundation into the seabed is not possible.

Does Norway have a bottom-fixed offshore wind farm?

Norway awarded a first bottom-fixed offshore wind farm licence in 2024 but will focus solely on floating wind farm development when it next announces new tenders. (Reporting by Nora Buli and Louise Rasmussen, editing by Stine Jacobsen, Kirsten Donovan)

What is the market value of onshore wind in Norway?

The average market value for onshore wind in Norway is 32 ± 4 €/MWh, corresponding to a value factor of 0.80. The market value for onshore wind is close to the expected LCOE indicating that onshore wind may be profitable without subsidies, especially at sites with good wind conditions.

How much wind power will Norway produce in 2040?

For instance, assumed wind power capacities in the Nordic countries in 2040 ranged from 25 GW to 82 GW (Chen et al., 2021a). Similarly, generation capacities in Norway varied between 39 and 68 GW in 2040. Nordic demand projections vary between 409 and 680 TWh in 2040, where 7%–9% will be from electrical vehicles.

What is the power price in Norway in 2040?

The 2040 power price in Norway is modelled to be 39 ± 4 €/MWh. Market value of Norwegian hydropower is 34% higher than the average power price. Seasonal patterns for solar PV give <3% probability of revenues higher than the LCOE. On/offshore wind has a 50%/1% probability of having revenues higher than the LCOE.

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